Low Input Costs, Weak Demand Expected to Drop Steel Prices in '09

Goldman Sachs analyst drops his 2009 estimate for steel prices for the third time since September, citing “very little market activity” and end-users being “on the fence” about the future of steel prices.

He does predict prices will increase late in the first quarter of 2009, but will drop back soon after.

Source:

Purchasing.com “Goldman Sachs cuts steel price forecast for 2009”

Related Articles:

New Steel Manufacturer Site Delayed as Prices Drop

SteelPrices Blamed for Whirlpool’s Layoffs

Soaring SteelPrices: What can Door Dealers Expect?